Category: Flash News

On May 27th local time, the European Union passed the Net Zero Industry Act. The bill aims to accelerate the EU’s transition to climate neutrality and enhance its industrial competitiveness. (CCTV News)

On May 27th local time, UN Secretary General Guterres posted on social media condemning Israel’s actions that led to the deaths of innocent people seeking refuge. Guterres reiterated that there is no safe haven in Gaza, and such terror must stop. (CCTV News)

According to reports, the Israeli Ministry of Foreign Affairs has notified the Spanish Embassy in Israel that starting from June 1st, the Spanish Consulate in Jerusalem has no authority to provide consular services to residents of the Palestinian Authority and will only be authorized to provide services to residents of Jerusalem.

According to reports, the South Korean agency responsible for aerospace policy, research and development, and industry, the Aerospace Agency, was officially established on the 27th. The first director of the Space Administration, Yin Ningbin, stated that the agency will create a space industry ecosystem primarily focused on the private sector.

According to foreign media reports on the 26th, Iranian Interior Minister Ahmad Wahid issued a decree on the same day, officially announcing the start of the 14th Iranian presidential election process. Xinhua News Agency

On the evening of May 26th, Yunnan Baiyao announced that shareholder Chen Fashu had resigned from his position as a director of the company. Before resigning, Chen Fashu himself was caught up in rumors of being investigated. On the afternoon of the 27th, personnel from the Yunnan Baiyao Board Secretary Office replied that Chen Fashu’s resignation was mainly due to job adjustments, and after resigning, he no longer held any positions in the company or its controlling subsidiaries. At present, the company has not received any relevant information about Chen Fashu’s investigation.

On May 27th, Yonghui Supermarket released its first store adjustment announcement. The announcement shows that the newly renovated stores include Yonghui Supermarket Zhengzhou Xinwan Plaza Store and Yonghui Supermarket Xinxiang Baolong Plaza Store, with the start of the renovation on May 31st and the end of June.

On May 27th, northbound funds bought a net of 2.748 billion yuan throughout the day; Among them, Shanghai Stock Connect net bought 2.428 billion yuan, and Shenzhen Stock Connect net bought 320 million yuan. Among the top ten stocks traded, the top three in terms of net purchases were Ningde Times, Kweichow Moutai and Industrial Fulian; The top three net sellers are Weichai Power, Hengrui Pharmaceutical, and Lixun Precision.

On the May 27th Dragon and Tiger List, a total of 30 stocks showed institutional presence, with 15 stocks showing net institutional buying and 15 stocks showing net institutional selling. On that day, the top three stocks that institutions net bought were Guangxi Energy, Guodian Nanzi, and Jiangsu Huachen; The top three stocks sold by institutions on that day were Mingxing Electric Power, Chuanrun Shares, and Hongbo Shares.

On May 23rd local time, the US Senate rejected the bipartisan border security bill with 43 votes in favor and 50 votes against, marking the second time in recent months that the bill has been blocked in the Senate. (CCTV News)

On May 23rd local time, Russian President Putin signed a presidential decree requiring the Russian government to formulate relevant rules to compensate for the losses suffered by the Russian side and the Russian central bank due to unfriendly measures taken by the United States, and to allow the use of US assets in Russia to compensate for the losses caused by the confiscation of Russian assets in the United States. (CCTV News)

Ukrainian President Zelensky held a meeting of the Supreme Command on the 23rd local time, mainly discussing the current battlefield situation, the situation of the Russian military, and the weapons and assistance urgently needed by the Ukrainian military. Zelensky stated that Ukraine has mastered the overall situation of the Kharkiv and Donbass regions. (CCTV News)

The Israeli Prime Minister’s Office announced on the 23rd that the wartime cabinet has decided to continue negotiations with the Palestinian Islamic Resistance Movement (Hamas). The Israeli Prime Minister’s Office issued a statement stating that the Israeli wartime cabinet held a meeting on the night of the 22nd, instructing negotiators to continue working to reach an agreement to exchange detainees. But the statement did not mention the time and other details of resuming negotiations. Xinhua News Agency

According to the Yemeni armed forces, on May 23rd local time, the Hodeida International Airport in Yemen was attacked by American and British warplanes. (CCTV News)

On May 23rd local time, funerals were held for the victims of helicopter accidents in many parts of Iran. On the same day, the body of the late Iranian Foreign Minister Abdullah Heyyan was buried in Rey, Tehran. (CCTV News)

On May 23rd local time, the General Staff of the Iranian Armed Forces released the first investigation report on a helicopter accident involving the late President Lech and his entourage. It is mentioned that the helicopter flew along the planned route and did not leave the designated route; No bullet marks or similar conditions were found in the remaining components of the crashed helicopter; The crashed helicopter caught fire after reaching high altitude. (CCTV News)

On May 23, Xiaomi Group announced its performance for the first quarter ending March 31, 2024. The financial report showed that Xiaomi’s revenue for the quarter was 75.507 billion yuan, a year-on-year increase of 27.0%; The adjusted net profit was 6.491 billion yuan, a year-on-year increase of 100.8%. It is worth noting that the gross profit margin of Xiaomi’s smartphone division decreased from 16.4% in the fourth quarter of 2023 to 14.8%, mainly due to the increase in core component costs and an increase in inventory impairment provisions. Xiaomi Group’s partner and president, Lu Weibing, said, “Regarding new energy vehicles, the company is also developing other models. In terms of delivery targets, delivering 100000 units is a guaranteed target, challenging the annual delivery of 120000 units.”

On May 23rd, Alibaba Group released its 2024 annual report. On the occasion of the first anniversary of Alibaba’s self transformation, in their first co signed letter to shareholders, Cai Chongxin and Wu Yongming stated that Alibaba will always focus on the future and express their determination to actively tackle the “big company disease” and maintain entrepreneurial spirit: “In the next 10 years, we will once again regard ourselves as a startup, adhere to the mission of ‘making the world no difficult business’, and continue to innovate with the spirit of entrepreneurship. We will uphold long-term principles, choose for today, and invest for tomorrow.”

As of the close, the Dow Jones Industrial Average fell 1.5%, the S&P 500 index fell 0.74%, and the Nasdaq fell 0.39%. Most popular technology stocks fell, while Nvidia rose 9.3% against the trend, hitting a historic high with a market value of $2557.3 billion. Chinese concept stocks fell generally, with the Nasdaq China Golden Dragon Index falling 3.71%.

On May 23rd, northbound funds sold a net of 3.266 billion yuan throughout the day, with Shanghai Stock Connect selling a net of 1.126 billion yuan and Shenzhen Stock Connect selling a net of 2.14 billion yuan. Among the top ten stocks traded, the top three in terms of net purchases are Changjiang Power, Kweichow Moutai and Tongwei Shares. The top three net sales figures are Industrial Fulian, Weichai Power, and Weier Group.

After market data shows that on May 23rd, a total of 26 stocks on the Dragon and Tiger List showed institutional presence, with 15 stocks showing net institutional buying and 11 stocks showing net institutional selling. On that day, the top three stocks that institutions net bought were Yihua Shares, Xinyu Guoke, and Meixin Technology. On that day, the top three stocks sold by the institution were Magmet, Fangbang Shares, and I Love My Family.

On the 22nd local time, British Prime Minister Sunak announced that a general election will be held on July 4th of this year. (CCTV News)